CIT Bank just launched its first-ever saving account promotion where you can earn up to a $300 bonus when you open a Platinum Savings account and make a deposit(s) that reaches one of the two bonus tiers. This offer is available to both new and existing CIT Bank customers.
Platinum Savings already offers one of the best high-yield savings account available with a top-rate of 4.10% APY, more than 10x the national average, but this offer makes it that much better! Full details below.
For more current bank offers, see our bank bonuses page. The most popular offers are from Chase Bank, SoFi, KeyBank, BMO and Axos Bank.
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CIT Bank Platinum Savings Account Bonus Offer
Open a CIT Bank Platinum Savings Account and earn a bonus when you make a deposit(s) that reaches one of the two bonus tiers within 30 days of account open:
| Deposit Amount | Bonus Amount |
| $25,000 – $49,999.99 | $225 |
| $50,000+ | $300 |
You do not have to maintain the funds in your account – you can withdraw it at any time. Your Platinum Savings account must remain open when the bonus is credited.
Step-by-Step Directions:
- Open a CIT Bank Platinum Savings account with using this link.
- Enroll in the offer using promo code PS2025 (promo code automatically added if you use any links in this post).
- Deposit funds from an external source within 30 days from the account open date.
- Receive a bonus 60 days from the funding date.
Offer Details:
Availability: Nationwide
Expiration: 5/26/2025
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: No
Who is Eligible?
Both new and existing CIT Bank customers are eligible for the offer as long as they meet the bonus requirements.
Bonus Terms & Conditions:
- There is no period of time where you will be required to maintain the funds.
- Your account must be open when bonus is credited.
- Promotion is available per account and and primary customer.
- Bonus will be credited into the Platinum Savings Account that fulfills the funding requirement.
- Funding can be deposited in one-deposit or incrementally.
- Transfers from existing CIT Bank accounts will not qualify. Funds already on deposit with CIT Bank are ineligible.
- Promotion Period will start on 02/26/25 and will last for 3 months or until CIT’s goals are met, whichever comes first.
Avoiding Fees:
The CIT Bank Platinum Savings Account has no account opening or monthly service fees, so there’s nothing to worry about on this front.
About CIT Bank
CIT Bank is a division of First Citizens Bank, a publicly-traded bank (NASDAQ: FCNCA) founded in 1898 and has over $220 billion in total assets and holds $151 billion in total deposits, making it a Top 20 bank by assets.
This is an FDIC-insured bank, so your deposits are protected up to $250,000 per depositor, per insured bank, and per ownership category. This means that if you have multiple accounts at the same bank, you are insured for more than $250,000 if your funds are in different ownership categories.
The Bottom Line
Wow! What a great offer for savers. High-yield savings accounts aren’t that lucrative for banks since the yield is so high, so it’s surprising to see a bank offer a bonus up to $300 for it. It’s even more surprising that there are no time requirements to maintain the funds in the account when most bank offers do.
Is it the highest rate possible? No. If you’re rate chasing the best rate then the Axos ONE Savings account offers a better rate of 4.86% APY, but that requires you to also open their checking account and make direct deposits each month, and maybe you don’t want to do all of that.
The one caveat of the CIT Bank Platinum Savings account is that to get the full 4.10% APY, you need to have a balance of at least $5,000, otherwise, you earn 0.25% APY instead.
I just opened this account myself and I’m probably going to keep it open. There are no savings account currently available that offers a greater return on investment than Platinum Savings; a $300 bonus + a 4.10% APY with no time commitment is a 100% no-brainer.
First-Citizens Bank & Trust Company. Member FDIC.
A “no-brainer” indeed! Open with $5K to get the 4.3% APY, deposit $25K on about the 28th day, and withdraw $25K on the 32nd day to get the $225 bonus. Easy as pie!